Bank Nifty ended the week at 56,754.70, registering a marginal decline of -0.49%.
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
The critical zone to monitor for potential trend reversals or continuation lies between 56,636 and 56,875.
🔻 Support Levels:
Support 1 (S1): 56,281
Support 2 (S2): 55,806
Support 3 (S3): 55,355
🔺 Resistance Levels:
Resistance 1 (R1): 57,512
Resistance 2 (R2): 57,991
Resistance 3 (R3): 58,137
📈 Market Outlook
✅ Bullish Scenario:
If Bank Nifty sustains above the pivot zone (56,875), it may trigger renewed buying interest, potentially pushing the index toward R1 (57,512) and above.
❌ Bearish Scenario:
A breakdown below the lower end of the pivot zone at 56,636 may attract selling pressure, dragging the index towards S1 (56,281) and further downside levels.
Disclaimer: lnkd.in/gJJDnvn2
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
The critical zone to monitor for potential trend reversals or continuation lies between 56,636 and 56,875.
🔻 Support Levels:
Support 1 (S1): 56,281
Support 2 (S2): 55,806
Support 3 (S3): 55,355
🔺 Resistance Levels:
Resistance 1 (R1): 57,512
Resistance 2 (R2): 57,991
Resistance 3 (R3): 58,137
📈 Market Outlook
✅ Bullish Scenario:
If Bank Nifty sustains above the pivot zone (56,875), it may trigger renewed buying interest, potentially pushing the index toward R1 (57,512) and above.
❌ Bearish Scenario:
A breakdown below the lower end of the pivot zone at 56,636 may attract selling pressure, dragging the index towards S1 (56,281) and further downside levels.
Disclaimer: lnkd.in/gJJDnvn2
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.